Standard Life Investments LTD boosted its position in Essex Property Trust, Inc. (NYSE:ESS) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,603 shares of the real estate investment trust’s stock after buying an additional 18,248 shares during the quarter. Standard Life Investments LTD owned approximately 0.23% of Essex Property Trust worth $38,754,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ESS. BlackRock Inc. raised its position in Essex Property Trust by 2,296.8% in the 1st quarter. BlackRock Inc. now owns 6,479,030 shares of the real estate investment trust’s stock valued at $1,500,090,000 after buying an additional 6,208,705 shares during the last quarter. Bank of New York Mellon Corp raised its position in Essex Property Trust by 38.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,488,052 shares of the real estate investment trust’s stock valued at $382,832,000 after buying an additional 412,316 shares during the last quarter. American Century Companies Inc. acquired a new stake in Essex Property Trust in the 2nd quarter valued at approximately $61,713,000. Vanguard Group Inc. raised its position in Essex Property Trust by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 11,404,375 shares of the real estate investment trust’s stock valued at $2,640,455,000 after buying an additional 229,503 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in Essex Property Trust by 173.3% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 230,793 shares of the real estate investment trust’s stock valued at $53,435,000 after buying an additional 146,356 shares during the last quarter. 99.55% of the stock is currently owned by institutional investors and hedge funds.

In other Essex Property Trust news, Director Byron A. Scordelis sold 6,265 shares of Essex Property Trust stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $267.39, for a total transaction of $1,675,198.35. Following the completion of the sale, the director now owns 4,986 shares of the company’s stock, valued at $1,333,206.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Schall sold 333 shares of Essex Property Trust stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $256.06, for a total value of $85,267.98. Following the sale, the insider now directly owns 45,096 shares of the company’s stock, valued at approximately $11,547,281.76. The disclosure for this sale can be found here. Insiders have sold 11,314 shares of company stock valued at $2,999,949 in the last three months. 3.30% of the stock is owned by corporate insiders.

Essex Property Trust, Inc. (NYSE:ESS) traded up 0.39% during mid-day trading on Friday, hitting $263.18. The stock had a trading volume of 91,328 shares. Essex Property Trust, Inc. has a 12 month low of $200.01 and a 12 month high of $270.04. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 33.84 and a beta of 0.53. The firm’s 50-day moving average is $264.11 and its 200 day moving average is $251.94.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.05. The company had revenue of $339.06 million during the quarter, compared to analyst estimates of $336.17 million. Essex Property Trust had a return on equity of 8.03% and a net margin of 38.33%. During the same quarter last year, the company earned $2.74 earnings per share. Equities analysts anticipate that Essex Property Trust, Inc. will post $5.89 EPS for the current fiscal year.

ESS has been the topic of a number of recent research reports. Zacks Investment Research raised Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 target price on the stock in a research report on Tuesday, July 18th. BidaskClub lowered Essex Property Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $267.00 price target on shares of Essex Property Trust in a research report on Sunday, July 16th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $278.00 price target on shares of Essex Property Trust in a research report on Thursday, July 27th. Finally, Stifel Nicolaus began coverage on Essex Property Trust in a research report on Friday, September 1st. They set a “buy” rating and a $294.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $268.07.

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Essex Property Trust Profile

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets.

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Institutional Ownership by Quarter for Essex Property Trust (NYSE:ESS)

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